WTI Crude (CL) Sharply Reverses Off Higher Low Heading into Inventory

WTI Crude (Wkly/Dly/4hr/Hrly) Charts

…likely to provide a trend reversal or ongoing momentum in the coming week. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL sold off yesterday during the US morning session to around 51, only to sharply reverse and end higher. On the 4hr and daily charts, CL is forming a bullish ascending triangle. With the 54 level tested 3 times in the last 2 weeks though, one might even argue CL as forming a triple top. Either way, the daily Stochastics is s…

WTI Crude (CL) Sells Off to Ascending Triangle Support on API Supply

WTI Crude (Wkly/Dly/4hr/Hrly) Charts

…likely to provide a trend reversal or ongoing momentum in the coming week. WTI Crude (CME CL Apr15) Weekly/Daily/4hr/Hourly CL sold off strongly yesterday ahead of and following the API supply figures, and is trying to find ascending triangle support (on the daily and 4hr chart) during the Asian morning. With yesterday’s FOMC out of the way, the next big announcement will be today’s inventory (as it was moved from yesterday given the US Monday hol…

WTI Crude (CL) Lagging Other Commodities in Bottoming

Silver (Wkly/Dly/4hr/Hrly) Charts

…) Weekly/Daily/4hr/Hourly Raw Sugar (ICE SB Mar15) Weekly/Daily/4hr/Hourly WTI Crude (CME CL Nov14) Weekly/Daily/4hr/Hourly Natural Gas (CME NG Nov14) Weekly/Daily/4hr/Hourly USDX (ICE DX Dec14) Weekly/Daily/4hr/Hourly Although I feel the Nasdaq100 (CME NQ Dec14), S&P500 (CME ES Dec14), TSLA and the USDJPY continue forming major tops, and the VIX (CFE VX Oct14) a major bottom, I haven’t profiled their charts in today’s list as their daily and 4hr…

Natural Gas (NG) Breaking Downtrend, WTI Crude (CL) Still Bottoming

Natural Gas (Wkly/Dly/4hr/Hrly) Charts

…llback on CT to the .635-.645 range would likely see heavy buying support. WTI Crude (CL) Weekly/Daily/4hr/Hourly Euro Philadelphia Index Weekly EURUSD Weekly/Daily/4hr/Hourly British Pound Philadelphia Index Weekly GBPUSD Weekly/Daily/4hr/Hourly AUDUSD Weekly/Daily/4hr/Hourly Silver (CME SI Dec14) Weekly/Daily/4hr/Hourly Arabica Coffee (ICE KC Dec14) Weekly/Daily/4hr/Hourly Soybean (CME ZS Nov14) Weekly/Daily/4hr/Hourly Wheat (CME ZW Dec14) Weekl…

AUDUSD Consolidates Above Weekly Chart Downchannel Resistance

AUDUSD Technical Analysis

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GBPUSD Retesting Weekly Chart Descending Wedge Resistance

GBPUSD Technical Analysis

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Wheat (ZW) May-June Rally Almost Completely Unwound

ZW (Wheat) Technical Analysis

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Wheat (ZW) Weekly Chart Double Bottom Forming

ZW (Wheat) Technical Analysis

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Natural Gas (NG) Daily MACD Trying to Positively Cross

CL (WTI Crude) Technical Analysis

Please Register/Login to view Today’s Top 3 Trades (Natural Gas | WTI Crude | Wheat) On Jan 8, Today’s Top 3 Trades made another important tweak to its format due to suggestions by readers to maintain a top trade idea of the day, irrespective of asset class. Today’s Top 3 Trades provides technical analysis on 3 CME/ICE commodity/index futures or spot FX markets (with coverage for 2 markets from a designated asset class(es) for each weekday as see…

GBPAUD Testing 61.8% Fib Retrace of May-July Fall

GBPAUD Technical Analysis

…from the most recent edition of FX (GBPAUD | GBPUSD) + Today’s Top Trade (WTI Crude) Join the world’s largest asset manager and 2 of the world’s 5 largest hedge funds by AUM as daily readers of Tradable Patterns’ technical analysis. Since becoming available on Bloomberg, Refinitiv and FACTSET, readers have included every single one of the global top 10 investment banks. If you represent an institutional investor or potential distribution partner,…